Citigroup Inc. Purchases 80,611 Shares of Jack Henry & Associates, Inc. $JKHY

Citigroup Inc. raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 74.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,122 shares of the technology company’s stock after acquiring an additional 80,611 shares during the period. Citigroup Inc. owned about 0.26% of Jack Henry & Associates worth $28,166,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JKHY. Vanguard Group Inc. raised its stake in shares of Jack Henry & Associates by 0.5% in the second quarter. Vanguard Group Inc. now owns 8,843,282 shares of the technology company’s stock valued at $1,593,294,000 after purchasing an additional 43,974 shares in the last quarter. State Street Corp increased its holdings in Jack Henry & Associates by 2.6% in the 2nd quarter. State Street Corp now owns 4,006,150 shares of the technology company’s stock valued at $721,788,000 after buying an additional 102,534 shares during the period. Geode Capital Management LLC raised its stake in shares of Jack Henry & Associates by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,095,237 shares of the technology company’s stock valued at $376,816,000 after buying an additional 61,292 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Jack Henry & Associates by 22.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock valued at $300,632,000 after buying an additional 301,600 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Jack Henry & Associates by 0.8% during the 2nd quarter. Invesco Ltd. now owns 1,645,161 shares of the technology company’s stock worth $296,409,000 after acquiring an additional 13,745 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Robert W. Baird raised shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price on the stock in a research note on Thursday, February 5th. Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $181.00 to $196.00 in a research note on Tuesday, February 17th. Royal Bank Of Canada upgraded Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $185.00 to $210.00 in a research report on Tuesday, December 16th. Raymond James Financial upgraded Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price target on the stock in a research report on Thursday, November 20th. Finally, Stephens upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $200.42.

Insider Activity at Jack Henry & Associates

In related news, Director David B. Foss sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $174.92, for a total value of $3,498,400.00. Following the completion of the sale, the director owned 128,133 shares of the company’s stock, valued at $22,413,024.36. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Jack Henry & Associates Trading Up 0.2%

Shares of JKHY opened at $156.54 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.38 and a beta of 0.71. The stock has a fifty day moving average price of $177.70 and a two-hundred day moving average price of $167.38. Jack Henry & Associates, Inc. has a 52-week low of $144.12 and a 52-week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.29. The company had revenue of $611.18 million during the quarter, compared to analyst estimates of $608.46 million. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $1.34 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.61 per share. The ex-dividend date is Thursday, March 5th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 33.33%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.